KOSPI (SEOUL.NDX) - Close: 2 068.72 (+15.66), Sep 29, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Medium term, Sep 29, 2016Analysis Explanation
KOSPI is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. It also gave positive signal from a rectangle formation at the break up through the resistance at 2007. Further rise to 2234 or more is signaled. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 2025. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the medium long term.

1 day-0.58%851.17+0.76%
5 days48.442.04%1 003.08+0.93%
22 days35.225.10%907.92+1.88%
66 days6.119.21%648.20+7.45%
Trend 13%1992.48 - 2142.28
Short Term Trading Range2016-09-29
Moving average2016-07-26
Long Term Trading Range2016-07-26
Double Bottom Pattern2016-03-02


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